With chaos all around team DRYS remains a bastion of clear thinking value creation when it announced after Freshly Minted was published last week that its Board of Directors had approved the partial spin-off of its interest in the Company’s majority-owned subsidiary Ocean Rig UDW Inc., of which DryShips currently owns approximately 78% of the issued and outstanding common stock.
This is only an excerpt of DRYS dividends out 2% of OCRG – further increasing liquidity in OCRG
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